Memorandum Findings of Fact and Opinion
The respondent determined a deficiency of $1,620.47 in the petitioner's income tax for the period from January 1, 1940 to October 31, 1940.
The single question at issue is the disallowance of a deduction of $9,151.14 representing compensation paid to its president during the taxable period. The disallowance was based on section 24 (c) of the Internal Revenue Code.
Findings of Fact
Certain facts were...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
